this post was submitted on 17 Jul 2023
709 points (98.4% liked)
Technology
58303 readers
18 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
This is a stronger indictment of the national work landscape than a boon for Amazon, who has a over 100% turnover rate…
Again, I agree.
I’m not an executive, if I could raise the national average for all of us believe me I would.
Amazon pays pretty decently but it's just god awful work. I worked in a warehouse briefly and made more than I had anywhere else entry level, but sorting boxes for 9 hours straight on night shifts isn't worth it
how can you have a turnover rate over 100%?
It's a turnover rate over time. If everyone quit and had to be replaced in a day you'd be at 100%. Anything after that is over 100% for the year.
I've seen rates of 150% bandied around for Amazon. That means replacing 12.5% of your total headcount on average monthly.
I'm not great with math so please let me know if I'm understanding this right:
= 100% turnover rate
Then...
= 150% turnover rate
and so on?
It simply has to do with the number of lost/new employees in a year. So if you have 100 employees on your payroll and 100 quit over the course of a year, then you have 100% turnover. If 50, then 50/100 total employees = 50% turnover. It will be lower if less people left. Here's the link where I learned this: https://www.aihr.com/blog/how-to-calculate-employee-turnover-rate/#:~:text=How%20to%20calculate%20annual%20turnover,%3D%200.05%2C%20or%205%25.
Turnover rates are usually described annually. If a company has to replace it's whole staff twice in a year, that's a 200% annual turnover rate.